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Qatar's Royals Buy Valentino

Qatar's royal family is buying storied Italian fashion house Valentino, said a person familiar with the matter, in the latest sign of the tiny oil-rich country's appetite for prestigious luxury brands.

Valentino said Thursday it had been acquired by an investment vehicle called Mayhoola, which is backed by a private investor from Qatar. A person familiar with the matter said the buyer was the royal family of the Persian Gulf state.


Source: THE WALL STREET
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The Opinion Poll that Convince. Berlusconi’s return to front-line politics

Forza Italia is heading back to the future with Silvio Berlusconi as its prime ministerial candidate. The Knight is “the only one who can stop Forza Italia from falling apart and attract to a new party those Centre-right voters who have yet to make their minds up or have drifted away, some of them to Grillo”.

Source: Corriere della Sera
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Italy Home Sales May Fall as Much as 12% This Year, Report Shows

Italy’s home sales may fall as much as 12 percent this year amid an economic recession and as prices fall for a fourth year, research institute Nomisma said.

Source: Bloomberg
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Italy's Berlusconi may be making a return to politics

When Silvio Berlusconi resigned after dominating Italy's political scene for two decades, he left a country in financial shambles and a personal legacy tarnished by sex and corruption scandals.

Source: USA TODAY
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Bipartisan committee seeks to halt Cinecitta' sell-off. French directors join appeal

A recently formed bipartisan committee seeking to protect Rome's historic Cinecitta' film studios from a sell-off held a press conference on Friday following a week of protests by beleaguered studio workers.

Source: ANSA
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Moody's probe wraps as ratings agency downgrades Italy. Accused of market manipulation

Italian prosecutors closed a probe Friday into Moody's on the same day the New York-based ratings agency downgraded the entire country to two notches above junk status.

Source: ANSA
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First part of Costa Concordia rock reef removed

Giglio Island - Salvage teams on Friday successfully removed the first part of a rock reef that gashed the side of the Costa Concordia cruise ship off the Tuscan island of Giglio, sinking it in January.

Source: ANSA

Southern-Italian Americans and the 99% vs. 1% American Class Dichotomy

Tom Verso

Clearly, the accompanying picture captures the reality of the class character of American’s current political economy; i.e. great masses of people who had no say in government/economic decisions are suffering the consequences of those decisions. They have lost jobs, pensions, health insurance, homes, and even gone to jail. At the same time the 1% who made the decisions, leading to the horrendous consequences for 99% of the people, got and still are getting rich and richer.

The “Naive Wooden Sculptures” of Theodore Santoro

Laura E. Ruberto

An Italian American self-taught artist from Oakland, California, adds yet another chapter in the story of Italian Americans and material culture.

Schiaparelli and Prada: "Impossible Conversations" al Met

Francesca Di Folco

Al Metropolitan Musem si “incontrano” fino al 19 agosto le due estete della moda italiana per rendere gli spettatori partecipi del fashion mood delle stiliste analizzando come abbiano usato questa forma d'arte per provocare e sovvertire le nozioni convenzionali legate al gusto, alla bellezza, al glamour e alla femminilità

Playing War with Paolo Sassanelli

N. L.

The celebrated Italian actor's directorial debut Uerra (War) is a delightful comedy that revolves around a father and his three sons, who take dad's war stories a little too much to heart. It was presented at Iron Mule, a short comedy screening series presented at 92Y Tribeca.

Pasolini's The Gospel According to St. Matthew @ The Living Theatre

Natasha Lardera

48 years have passed since the release of an Italian masterpiece yet the film still inspires artists worldwide. This time it has been translated into a theater piece presented at the undergroundzero festival by The Living Theatre.

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